Home » The stock exchanges of today 29 September. EU lists in recovery, Fitch downgrades Evergrande: rating one step above the default

The stock exchanges of today 29 September. EU lists in recovery, Fitch downgrades Evergrande: rating one step above the default

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MILANO – European stock exchanges try to rebound after yesterday’s down session. However, there are signs of concern coming from the market, from the rise in yields on US Treasuries with the ten-year bond that yesterday reached a three-month high, to the crisis of the Chinese giant Evergrande. Today the new sting came from the rating agency Fitch, which downgraded the company, cutting its rating from CC to C, a step above the default. After failing to pay $ 83.5 million of interest due on 23 September, today the company faces another payment of $ 47.5 million on an offshore bond.

In Europe Milano increases at the start of 0.69%, London grows by 0.5%, Frankfurt 0,58% e Paris 0.56%. Black Tuesday lived yesterday in Wall Street weighed in the morning on the Asian sector, with all the main indices in decline and Tokyo concluding trades with a decline of 2.12%. The crash yesterday of the Nasdaq weighed on the Japanese stock market, with US technology stocks weighed down by the rise in yields. The opinion of the markets is that the expected rise in inflation, of which the rise in Treasury rates is a mirror, tends to penalize the technology sector. Among the currencies, however, the euro remained little changed, trading at 1.1682 dollars and 130.23 yen.

Instead, respite for the prices of Petroleum, after the flare-up of the last few days, prices are slowing down today. On the Asian markets, futures on Light crude Wti fell by 1.67% to 74.03 dollars and those on Brent fell by 1.66% to 77.78 dollars.

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On the Italian side the headlights are focused today on the approval of the update note to the Def. From the advances released last night, the government is preparing to outline a growth of 6% this year, with a deficit forecast at 9.5%.

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